Last Thursday, @NigeriaGov and Siemens AG signed contract for the pre-engineering phase of the Presidential Power Initiative (PPI). Recall that the FGN payment was approved last year. FGN has set up an SPV known as the FGN Power Company to work with Siemens to implement.
A recap of what the Presidential Power Initiative (PPI) will cover. (Used to be known as the Nigeria Electrification Roadmap - NER).
Three (3) Phases in all:
1: Target of 7,000MW operational grid capacity
2: 11,000MW
3: 25,000MW
Three (3) Phases in all:
1: Target of 7,000MW operational grid capacity
2: 11,000MW
3: 25,000MW
The contract signed last week is for the pre-engineering Phase, which includes:
- Engineering design
- Finalizing project specifications
- Commissioning works for transmission & distribution systems
- Network development studies
- Power simulation
- Training
- Support services.
- Engineering design
- Finalizing project specifications
- Commissioning works for transmission & distribution systems
- Network development studies
- Power simulation
- Training
- Support services.
The SPV, FGNPowerCo, “has the responsibility of executing the Presidential Power Initiative (PPI), providing project management for
the implementation of the PPI and serving as the key manager to ensure
cohesion and seamless execution”, per an FGN statement.
the implementation of the PPI and serving as the key manager to ensure
cohesion and seamless execution”, per an FGN statement.
The PPI SPV is overseen by a Committee comprising the Ministers of @FinMinNigeria (@ZShamsuna) @PowerMinNigeria (@EngrSMamman) @FMWHNIG (@tundefashola) and Justice (@MalamiSan), DG @BPENigeria, and President of the Nigerian Society of Engineers (NSE). Inaugurated Sept 10, 2020.
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